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ខ្មែរ Local News
Stung Toch Drainage Rehabilitation Project in Kampong Speu Reaches 89% Completion
- 6 September 2024
The rehabilitation of the Stung Toch drainage system in Kampong Speu province has achieved approximately 89% completion, as reported by the Ministry of Water Resources and Meteorology (MoWRM) on 1 September 2024. This significant project includes rehabilitating a 51-kilometre-long small river, with a mouth width of 100 metres and a 40-metre-high dam. The river stretches 12.5 kilometres through...
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Construction of the Cambodia-Korea Friendship Bridge to Begin in Early 2025
- 30 August 2024
The highly anticipated Cambodia-Korea Friendship Bridge, which will connect Phnom Penh's Chroy Changvar area to the Areyaksat night market in Kandal province, is set to break ground in 2025. According to HE Phan Rim, spokesperson for the Ministry of Public Works and Transport, the ministry has approved the final report on the project, marking a significant milestone in moving towards the detail...
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Techo Takhmao International Airport Nears Completion with 82% of Construction Finalised
- 29 August 2024
The ambitious construction project of Techo Takhmao International Airport, a Class 4F facility with an initial investment of USD 1.5 billion, is now 82% complete, according to AMS Central media on 27 August 2024. His Excellency Mao Havnall, Spokesman of Civil Aviation, confirmed that the remaining construction work, less than 20%, is on track to be finished by October 2024. “The work that ha...
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Chinese Association Proposes New SEZ on 32 Hectares in Takeo Province
- 21 August 2024
The Chaosan Chinese Business Association has proposed the establishment of a new Special Economic Zone (SEZ) on a 32-hectare site in Bati district, Takeo province, with the primary objective of creating job opportunities for the local population. This initiative was discussed during a meeting between HE Vy Samnang, the Governor of Takeo Province, and Mr. Oknha Taing Lak Hav, President of the Ch...
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Chinese Firm Explores Investment in Cambodian Fresh Fruit Processing Plant
- 14 August 2024
DOMI Biotechnology Co., Ltd. from China is exploring the possibility of establishing a fresh fruit processing plant in Cambodia, with a focus on durians and coconuts. This development follows a high-level meeting on 12 August 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Wan Yanhu, President of DOMI Biotechnology Co., Ltd. The company, which curren...
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NR No. 23 Rehabilitation Reaches 57.5% Completion with ADB Loan of US$21.68m
- 12 August 2024
The rehabilitation of NR No. 23, a key infrastructure project in Cambodia, has achieved a significant milestone with 57.5% completion as of July 2024. The project, spanning 19.83 kilometres from Leuk Dek commune, Koh Thom district to Peam Reang commune, Leuk Dek district in Kandal province, is supported by a concessional loan of US$21.68 million from the Asian Development Bank (ADB), secured in...
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Cambodia Approves Over 1,600 Construction Projects in H1 2024 Amid Declining Investments
- 9 August 2024
In the first half of 2024, Cambodia's Ministry of Land Management, Urban Planning and Construction greenlit 1,642 construction projects, marking an 11% decrease from the same period last year. The approved projects span a total area of 6.14 million square metres, representing a 9.8% decline, with investment capital totalling US$2.53 billion, down 8.1%, according to a Socio-Economic Trend Report...
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Cambodia Launches Groundbreaking for the US$1.7bn Funan Techo Canal Project
- 5 August 2024
The construction of Cambodia's monumental US$1.7 billion Funan Techo Canal project was officially inaugurated by Prime Minister Hun Manet on 5 August 2024. This historic canal aims to revolutionize the country's economic landscape and trade strategies within Southeast Asia. The Funan Techo Canal, spanning 180 km, is a collaboration between Cambodian investors, who hold a 51% stake, and state-ow...
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Korea Commits US$10m to Transform 30 Villages in Northwestern Cambodia
- 3 August 2024
The Government of Korea, through the Korea International Cooperation Agency (KOICA), has committed US$10 million to develop 30 villages in Battambang, Banteay Meanchey, and Pailin provinces over five years from 2022 to 2026. The project aimed at boosting agricultural incomes, enhancing governance capacity for rural development, and improving access to essential services, according to KOICA's offic...
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Cambodia’s Mid-2024 Economic Update: Sharp Decline in Credit Growth Signals Business Slowdown, Rising NPL Ratios Across Sectors
- 30 July 2024
A significant decline in credit growth indicates a slowdown in business activities nationwide. This trend is accompanied by rising non-performing loan ratios (NPLRs) across all major sectors, including commercial banks, mortgages, construction, and real estate activities, according to recent data from the National Bank of Cambodia for Q1 2024 and updated by CBRE Cambodia on 26 July 2024. Credi...
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